Wednesday, February 4, 2009

Kraft, bank worries knock Wall St; Cisco hit late


NEW YORK (Reuters) - U.S. stocks fell on Wednesday as a glum profit forecast from Kraft Foods (NYSE:KFT - News) signaled consumers are skimping even on the basics and investors worried that government efforts to rescue banks could wipe out their shareholders.
Even so, a report showing that the vast service sector shrank less than expected in January spurred technology gains, helping the Nasdaq finish near break-even.

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